Businessweek

Matador Resources Company announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $54,886,000 against $28,957,000 a year ago. Operating loss was $14,255,000 against operating income of $7,100,000 a year ago. Loss before income taxes was $15,459,000 against income before income taxes of $6,865,000 a year ago. Net loss was $15,505,000 or $0.28 per basic and diluted class A share against net income of $3,801,000 or $0.08 per basic and diluted class A share a year ago. Net cash provided by operating activities was $32,229,000 against $5,110,000 a year ago. Oil and natural gas properties capital expenditures were $83,387,000 against $51,959,000 a year ago. Adjusted EBITDA was $40,672,000 against $21,338,000 a year ago. Expenditures for other property and equipment were $1,374,000 against $1,413,000 a year ago. For the quarter, the company’s net production volumes: Oil was 460 MBbl against 200 MBbl a year ago. Natural gas was 3.1 Bcf against 3.2 Bcf a year ago. Total oil equivalents were 981 MBOE against 730 MBOE a year ago. Average net daily production of 10,897 BOE per day compared to 8,023 BOE per day a year ago. For the year 2013, the company provides the following guidance update for 2013 compared to guidance previously announced at its Analyst Day presentation on December 6, 2012, including an increase in estimated capital spending from $310 million to $325 million, an increase in estimated total oil production from 1.6 to 1.8 million Bbl to 1.8 to 2.0 million Bbl, no change in estimated natural gas production of 11.0 to 12.0 billion cubic feet, an increase in estimated oil and natural gas revenues from $200 to $220 million to $220 to $240 million and an increase in estimated Adjusted EBITDA from $140 to $160 million to $155 to $175 million. The company anticipates that second quarter 2013 production volumes will be essentially flat as compared to the first quarter of 2013, although the exit rate for the second quarter is anticipated to be higher than the average daily production rate during the first quarter of 2013.

Matador Resources Company, Q1 2013 Earnings Call, May 09, 2013

Matador Resources Company announced that they will report Q1, 2013 results After-Market on May 08, 2013

Matador Resources Company announced the addition of Mr. Carlos M. Sepulveda, Jr. to its board of directors. Carlos is currently the President and CEO of Interstate Battery System International Inc., Chairman of the Board of Triumph Bancorp Inc. and Director and Chairman of the Audit Committee of Cinemark Holdings Inc. For the first quarter of 2013, the company reported oil and natural gas production of approximately 460,000 Bbl and 3.1 Bcf, respectively, compared to approximately 200,000 Bbl of oil and 3.2 Bcf of natural gas produced in the first quarter of 2012. This increase was due primarily to the improved performance and productivity of its recent Eagle Ford wells as well as production increases resulting from the initiation of artificial lift operations on various producing wells. The company's oil equivalent production was approximately 10,900 BOE per day, including approximately 5,100 Bbl of oil per day and 34.7 MMcf of natural gas per day.

Matador Resources Company continues to build its leasehold position in the Delaware Basin of Southeast New Mexico and West Texas. In March and April 2013, the company acquired approximately 9,617 gross and 7,446 net acres in Lea and Eddy Counties, New Mexico for approximately $11.3 million. This acquisition effectively doubles company's existing leasehold interests in the Delaware Basin giving Matador a total of 25,477 gross and 15,117 net acres in Southeast New Mexico and West Texas. The company considers approximately 17,795 gross and 13,049 net acres to be prospective for the Wolfcamp, Bone Spring and other oil and liquids-rich targets. The company expects to begin testing this acreage beginning in late April.